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29832374
29854104

2391 Pineapple Hwy, Greenville, AL 36037

LC
CA 02058241
Northmarq Capital, LLC
AC
CA CA 02097395
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC
$1,858,977
104 days on market
Updated 68 days ago

Gas Express

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,496
Cap Rate 6.75%
NOI $125,481
Occupancy 100%
Tenancy Single
Brand/Tenant Gas Express
Lease Type Absolute NNN
Remaining Term 16
Rent Bumps Yes
Price per SqFt $745
Broker Co-Op Yes
Year Built 1986
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

Gas Express | 6.50% Cap Rate | 100% Bonus Depreciation | Greenville, AL

Marketing description

Northmarq is pleased to present the opportunity to acquire a retail and fuel investment occupied by Gas Express, LLC in Greenville, Alabama. The subject property consists of a ±2,496 square foot convenience store and Shell branded fueling station situated on a sprawling ±5.00 acre parcel.

The tenant operates under a 20-year absolute NNN lease that originally commenced in December 2022, leaving future investors over 16 years of remaining base term. The lease features 1.5% annual rent escalations throughout the entire base term and all four, five-year renewal options. This structure provides a consistent hedge against inflation and predictable long-term cash flow growth. The offering provides a unique combination of high yield passive income and significant tax advantages through accelerated depreciation due to fee simple ownership. Please contact the listing brokers for more details.

Investment highlights

  • Long-Term Absolute NNN Lease

  • Strategic Regional Connectivity & Interstate Location

  • Dominant Gas & C-Store Operator

  • 100% Bonus Depreciation Potential

  • Highly Favorable Business Climate

  • High Visibility & Strategic Access

Listing Contacts

LC
CA 02058241
Northmarq Capital, LLC
AC
CA CA 02097395
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,481.00
$10,456.75/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Brian Lane
License
AL Lic #000079670-0
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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